How Does A La Minors Mortgage Work

Louisiana Petition to Borrow Money and to Mortgage Minor's Interest in Immovables, Concurrence of Under-Tutor and Judgment
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Description minor's mortgage in louisiana

This is an example of a petition and judgment for the tutor and under-tutor of a minor to execute a mortgage note and act of mortgage on behalf of said minor. The reason for the petition is that interest rates have been reduced since the mortgage was initially executed and a significant savings can be had if the mortgage is refinanced, including a reduction in the term of the loan.

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